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MercoPress, en Español

Montevideo, November 24th 2024 - 14:37 UTC

Economy

  • Friday, March 31st 2023 - 09:31 UTC

    Argentina's poverty indexes on the rise

    According to Indec, 54.2% of people aged 0 to 14 live in poverty

    Argentina's National Institute of Statistics and Census (Indec) Thursday released a study showing that 39.2% of the South American country's economically active population was living in poverty in the second half of 2022, an increase from the 37.3% recorded during the same period of 2021

  • Friday, March 31st 2023 - 09:00 UTC

    Von der Leyen says Mercosur deal a priority but Argentina warns “not so fast”

    “We will strengthen cooperation in sectors such as digital and clean technology,” the EU Chief Executive said

    European Commission President Ursula von der Leyen said the agreement with Mercosur was a priority, but Argentina's government has second thoughts about the advantages it would actually entail, it was reported Thursday.

  • Friday, March 31st 2023 - 08:36 UTC

    Argentina to launch “agro dollar” exchange rate

    Agro dollar will be in effect for 30 to 90 days, it was reported in Washington DC, where Massa was on an official mission to the International Monetary Fund (IMF).

    Argentine Economy Minister Sergio Massa Thursday announced the creation of the so-called “agro dollar,” a new exchange rate for agrifood exports, which seeks to help replenish the country's impoverished coffers while simplifying foreign currency operations for all rural producers.

  • Thursday, March 30th 2023 - 16:24 UTC

    France denies blocking EU-Mercosur agreement but reiterates demands

    The dialogue is ongoing, and the outcome is yet to be seen.

    France denies blocking the EU-Mercosur agreement, which it vetoed since it was signed in 2019. However, it reiterates its demands to correct it and says it is waiting for the outcome of the negotiations being conducted by the European Commission with its South American partners.

  • Thursday, March 30th 2023 - 15:17 UTC

    What can you do to prepare for a personal Financial Crisis?

    Photo: Pixabay

    Let's face it. No one likes the thought of a job loss, an automobile accident, an illness, or any other major event that could negatively impact their finances.

  • Thursday, March 30th 2023 - 10:45 UTC

    Massa and Gopinath discuss IMF flexibilization and disbursement

    ”Good meeting with Minister Sergio Massa,” Gopinath said.

    Argentina's Economy Minister Sergio Massa Wednesday met with International Monetary Fund (IMF) Deputy Managing Director Gita Gopinath to discuss the flexibilization of the reserve's goals in addition to a US$ 5.3 billion disbursement to be announced early next week, it was reported in Washington.

  • Thursday, March 30th 2023 - 10:20 UTC

    Report on Falkland Islands Banking Services, published by Chamber of Commerce

    FIG, FIDC, SCB and Chamber met with Peter Softley and Fionnbharr Blackman from Queenstown Strategic Advisors during their visit to the Falklands in January 2023

    The Falkland Islands Chamber of Commerce is pleased to publish its “Review of Banking Services in the Falkland Islands”. The report is the result of collaboration and input from the Falkland Islands Chamber of Commerce, the Falkland Islands Development Corporation (“FIDC”), Standard Chartered Bank (“SCB”), the Falkland Islands Government (“FIG”), and members of our local business community.

  • Wednesday, March 29th 2023 - 10:58 UTC

    Uruguay's Executive to cover for Central Bank's deficit

    Economy Ministry authorities described the problem as “an accounting issue”

    Uruguay's Executive Branch Tuesday admitted the Central Bank (BCU) reserves were below their legal threshold by Dec. 31, 2022, and a capitalization plan was therefore needed.

  • Wednesday, March 29th 2023 - 10:55 UTC

    Argentina: “Blue” dollar reaches AR$ 397

    Argentine Central Bank's reserves have been draining at a growing pace throughout 2023

    The unofficial exchange rate -commonly referred to as “blue”- between the Argentine peso and the US dollar reached AR$ 393 / 397 (buy/sale) after an AR$ 7 jump Tuesday, thus hitting a new record, it was reported in Buenos Aires. The blue dollar went up over AR$ 20 since last month for an 84.6% gap with the official quotation, which is virtually off limits for over 95% of the population to buy but available for anyone wanting to export.

  • Wednesday, March 29th 2023 - 10:53 UTC

    IMF: Central Banks must enhance transparency to build trust

    The reviews help central banks gauge their transparency and accountability, facilitating more effective communication and better-informed dialogue with lawmakers, investors, and individuals.

    By Tobias Adrian, Jihad Alwazir, Ashraf Khan and Dmytro – The Bank of Canada published a detailed summary of its Governing Council deliberations for the first time last month, joining nearly two dozen other central banks in regularly releasing detailed information on monetary policy decisions.